Costly Irish jobs may hinder future inward investment, survey reveals

IRELAND may find it difficult to continue attracting international investment as employment costs surge by 14% over the last three years.

This increase has pushed Ireland further up a league of Europe’s most costly places for employment as it comes in 16th place out of 24 countries in Europe in the Deloitte 2007 Remuneration Survey.

The cost of wages in Ireland stands at €38,541, an increase of 4.6% from €36,852 in 2006.